InvestorsHub Logo

bborden51

08/15/23 10:00 AM

#53263 RE: luckygm #53262

I went back and read the conference call transcript. It is still confusing. So she is saying that because of some accounting system changes that they had to send out invoices for partial work done that previously was recorded in unbilled revenue? So from an accounting perspective I can see that they credited Unbilled Revenue and debited Accounts Receivable...basically moved those assets to A/R. But that doesn't account for that huge increase in A/R.

Signed,
Confused in Tucson